EMCOR Group, Inc. Q3 2026 Earnings Recap

EMCOR’s results were sharply higher, while the stock gained 1.6% after earnings—a roughly flat reaction under the stated threshold. Revenue, margins, and RPOs advanced, with particularly rapid data-center growth; the transcript excerpt does not include the full guidance discussion.

Key Takeaways

• Revenue reached a quarterly record of $5.54 billion, up 28.8% year over year and 25.5% organically.
• Adjusted operating margin was 10.5%, and adjusted diluted EPS rose 46% to $9.60.
• Remaining performance obligations hit a record $18.57 billion, up 47% year over year and 8.3% sequentially; data-center RPOs were $8.74 billion, more than double the year-ago level.
• Electrical Construction revenue increased 44.3%, including 68% growth in network and communications; Mechanical Construction revenue rose 43.1%, with network and communications up nearly 130%.
• Building Services revenue grew nearly 5%, operating income increased 11.5%, and margin expanded 50 basis points; Industrial Services performed roughly in line with the prior-year quarter.